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Banking & Finance

CEO of Cornerstone Bank’s parent company to retire

Senecal joined PeoplesBank, parent company of Worcester-based Cornerstone Bank, in 1995. Cornerstone and PeoplesBank completed the $6-billion merger of their parent companies in February.

Devens hydrogen unicorn acquires NY firm, secures $400M for project financing

Devens-based Electric Hydrogen has acquired a New York firm also working to grow the concept of green hydrogen.

Longtime Fidelity Bank leader announces retirement

Ed Manzi has announced his retirement as Chairman & CEO of Fidelity Bank, after having led the Leominster-based financial institution for over 28 years.

Movers & Shakers for Sept. 8, 2025

New board members have been appointed to the Girl Scouts of Central and Western Massachusetts and Worcester County Horticultural Society.
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🔒Becoming a CEO: How the growing popularity of search funds led a former Central Mass. banker to expand his business into Shrewsbury

Stimpson, who worked in Worcester for Morgan Stanley at 100 Front St. from 2008 to 2012, is now planning on expanding one of his businesses into Central Massachusetts.

🔒CPA shortage: The workforce crisis in accounting poses challenges in Central Mass.

The past few years have seen some lessening of the national CPA shortage, but local experts warn not to be so hasty in declaring the crisis over, especially in Central Massachusetts.

🔒Revolutionary collapse: The rise and fall of the once-largest cannabis employer in Central Mass.

Just four years ago, Fitchburg-based company Rev Clinics was one of the biggest players in the Massachusetts marijuana industry, with its products available in about 75% of the then-200 dispensaries across the state.

Railers welcome new puppy to the ice, to become service dog as part of team’s month of giving

October 18 will not only kick off the Worcester Railers Hockey Club season, it will mark the introduction of a new member to the Railers family: a dog.
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WPI receives $12M gift, one of the largest in its history

Worcester Polytechnic Institute has received one of the largest donations in the school’s 160-year history.

CVS to pay $12M settlement for allegedly overcharging MassHealth

Pharmacy giant CVS will pay more than $12 million to MassHealth after the attorney general alleged the company charged higher prices to the Medicaid program than to cash-paying customers in the general public.
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